OPEC Forecasts Fall In Crude Demand On Global Imbalance
OPEC expects demand for the cartel’s crude in 2019 at almost 1 million barrels a day (MMbbl/d) less than last year as supply is expected to outweigh demand.
Anjli Raval, Financial Times
HEADLINES: EIA: US To Export More In 2020, FERC Opens Investigations
Texas State Senator Brian Birdwell advised the Texas Pipeline Association against complacency simply because the Trump administration is oil and gas friendly.
Frac Spread: Snow Doubt Gas Price Is Rising
Winter storm is spurring higher demand for gas, but NGL prices are mostly static.
What’s Affecting Gas Prices? (Week of Jan. 16)
Natural gas prices have surged forward since Jan. 13 in the biggest gain since November and Stratas Advisors expect cold weather to offer positive pressure to price activity for the week ahead.
Crude Oil
US Set To Become Consistent Net Oil Exporter By Late 2020
The EIA’s new forecast sees that the recently occurring anomaly of the U.S. as a net oil exporter will eventually become the norm.
Gregory Meyer, Financial Times
Acquisitions & Divestitures
SemGroup Boosts Montney Footprint With New KKR JV
Concurrent with its formation, the JV, SemCAMS Midstream, also agreed to acquire the Montney operating portfolio of Meritage Midstream ULC.
Permian Basin Operators Look to Standardize Techniques, Measures
A Permian standard is emerging after experimentation during a decade of drilling the basin’s multiple unconventional shales has found diminishing returns, says CEO of reserve evaluation firm Haas Engineering.
Pipelines
Lawmaker Warns TPA Against Complacency
Texas emissions plan should continue if only to fend off future interference from the U.S. EPA, says Birdwell.
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Stories From This Issue
Seismic shifts lie ahead as the U.S. continues to grow as a global energy export power.
The recently expanded Panama Canal provides an essential connection for LNG and other energy exports.
Several companies in the sector play crucial roles as the midstream grows to handle greater sales abroad.
I fell into the energy business midway between the two shortage-plagued oil shocks of the 1970s and I relish several high points during my career: visits to the North Sea and Prudhoe Bay; a tour of Henry Hub; time at Kenai, Alaska, within the nation’s first LNG liquefaction plant; and an itinerary around Singapore’s sprawling refinery/petrochemical industry.